Did you observe how bank nifty palyed out around the zones. It consolidated a lot around the long term trendline, which is good for up trend strength. Keep following the levels and trade.
Bank Nifty Trade Plan for 01 DEC 2021 Bank Nifty looking weaker and closed below the next day CPR levels. Any gap up opening or flat opening, we will look for possible opportunity to sell on CPR rejection or closing price getting compromised on lower side and sit for possible lower targets as plotted on the chart. Expecting market to be in a range rather then...
Hello Everyone, I have tried my best to explain, How to trade Dragonfly Candlestick pattern ? Here, most imp point to consider is the Confirmation Candle ... why? 1. Market opened Gap down and was in the down trend, which broke the major Support level of 35000. 2. Now, this broken Support level would act as Resistance Level when market tries to reverse taking...
What Is a Double Top? A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. Or in simple words... A double top is a bearish technical reversal pattern It is confirmed once the asset's (Banknifty's) price falls below a support level equal...
Hello Everyone, I have tried my by best to explain, How to take trade based on Bearish CandelStick (Hanging Man) formation in Banknifty . If still you are not clear, put your queries into comment section or Correct e if i am wrong. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I...
Hello Traders, Hope you all are fit and fine ... Stay Safe and Trade safe...! As predicted yesterday, BnkNifty Opened Gap Down ... Today...😎 Resistance Level : 1. Strongest Resistance exists at 35500. 2. Next Strong Resistance at 35800. 3. Stronger Resistance at 36000. 4. Good Resistance has developing at levels from 35500 to 35800. Support Level : 1. 35000...